--- title: "Meaning & Key Takeaway of: As an industry, we have a responsibility…" description: "\"As an industry, we have a responsibility to manage risk in a way that is prudent.\" — Kenneth C. Griffin" image: "https://sms4smile.com/quotes/i/4d4/kenneth-c-griffin-9524_industry_as-an-industry-we-have-a-responsibility_2478328.jpg" --- # As an industry, we have a responsibility to manage risk in… ![“As an industry, we have a responsibility to manage risk in a way that is prudent.” quote by Kenneth C. Griffin](https://sms4smile.com/quotes/i/4d4/kenneth-c-griffin-9524_industry_as-an-industry-we-have-a-responsibility_2478328.jpg) [Download](https://sms4smile.com/quotes/i/4d4/kenneth-c-griffin-9524_industry_as-an-industry-we-have-a-responsibility_2478328.jpg) [Open image](https://sms4smile.com/quotes/i/4d4/kenneth-c-griffin-9524_industry_as-an-industry-we-have-a-responsibility_2478328.jpg) > “As an industry, we have a responsibility to manage risk in a way that is prudent.” [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Industry must manage risk prudently to ensure stability. **In simple terms:** Practice careful risk management. Key Takeaway Implement robust risk controls. Themes finance risk management responsibility Mood analytical cautious Type business financial When to use this quote - corporate governance - investment strategy - risk assessment Key Concepts prudent risk systemic stability regulatory compliance Questions to Reflect On - How to balance prudence with growth? - What safeguards prevent excessive risk? A Different Perspective Over‑cautious risk aversion can stifle innovation. ★ ★ ★ ★ ★ No ratings yet [Industry](https://sms4smile.com/quotes/about/industry/) [Responsibility](https://sms4smile.com/quotes/about/responsibility/) [Risk](https://sms4smile.com/quotes/about/risk/) ## Related quotes > [“You cannot manage risk, or for that matter, build a risk management capability without first understanding the “business value of risk management.”](https://sms4smile.com/quotes/pearl-zhu/you-cannot-manage-risk-or-for-that-matter-build-a-risk-management/) [Pearl Zhu](https://sms4smile.com/quotes/author/pearl-zhu/) > [“IT may seem counterintuitive to use uncertainty to quell volatility. But a small amount of uncertainty surrounding short-term interest rates may act much like…](https://sms4smile.com/quotes/anonymous/it-may-seem-counterintuitive-to-use-uncertainty-to-quell-volatility/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most…](https://sms4smile.com/quotes/reid-hoffman/managing-risk-is-a-key-variable-frankly-all-aspects-of-life-business/) [Reid Hoffman](https://sms4smile.com/quotes/author/reid-hoffman/) > [Instead, to be financially free, we need to learn how to make mistakes and manage risk.](https://sms4smile.com/quotes/robert-kiyosaki/instead-to-be-financially-free-we-need-to-learn-how-to-make-mistakes/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [When I take kids into the woods, I tell them, "What we're going to do today is going to be incredibly dangerous." And you…](https://sms4smile.com/quotes/bear-grylls/when-i-take-kids-into-the-woods-i-tell-them-what-we-re-going-to-do/) [Bear Grylls](https://sms4smile.com/quotes/author/bear-grylls/) > [“There is always risk, so learn to manage risk instead of avoiding it.”](https://sms4smile.com/quotes/robert-t-kiyosaki/there-is-always-risk-so-learn-to-manage-risk-instead-of-avoiding-it/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [The ones who make it, are the ones who manage risk.](https://sms4smile.com/quotes/steve-burns/the-ones-who-make-it-are-the-ones-who-manage-risk/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [I'm a firm believer in teaching children to manage risk.](https://sms4smile.com/quotes/alice-roberts/i-m-a-firm-believer-in-teaching-children-to-manage-risk/) [Alice Roberts](https://sms4smile.com/quotes/author/alice-roberts/) > [You might say that economic history is the history of people learning to manage risk.](https://sms4smile.com/quotes/james-surowiecki/you-might-say-that-economic-history-is-the-history-of-people-learning/) [James Surowiecki](https://sms4smile.com/quotes/author/james-surowiecki/) > [“Many of the high-return projects are high risk, which is why I suggest you forget the idea of looking at risk at all. Manage…](https://sms4smile.com/quotes/anonymous/many-of-the-high-return-projects-are-high-risk-which-is-why-i-suggest/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I talk a lot about taking risks, and then I follow that up very quickly by saying, 'Take prudent risks.'](https://sms4smile.com/quotes/irene-rosenfeld/i-talk-a-lot-about-taking-risks-and-then-i-follow-that-up-very/) [Irene Rosenfeld](https://sms4smile.com/quotes/author/irene-rosenfeld/) > [The venture industry is both quite vibrant and quite competitive.](https://sms4smile.com/quotes/douglas-leone/the-venture-industry-is-both-quite-vibrant-and-quite-competitive/) [Douglas Leone](https://sms4smile.com/quotes/author/douglas-leone/) > [When you don't know the rules, you break them all. It's hard to take big risks when you know the history of an industry…](https://sms4smile.com/quotes/blake-mycoskie/when-you-don-t-know-the-rules-you-break-them-all-it-s-hard-to-take/) [Blake Mycoskie](https://sms4smile.com/quotes/author/blake-mycoskie/) > [Nuclear industry proponents often assert that low doses of radiation (eg below 100mSV) produce no ill effects and are therefore safe. But , as…](https://sms4smile.com/quotes/helen-caldicott/nuclear-industry-proponents-often-assert-that-low-doses-of-radiation/) [Helen Caldicott](https://sms4smile.com/quotes/author/helen-caldicott/) > [This is a government which is proposing to put at risk our manufacturing industry, to penalise struggling families, to make a tough situation worse…](https://sms4smile.com/quotes/tony-abbott/this-is-a-government-which-is-proposing-to-put-at-risk-our/) [Tony Abbott](https://sms4smile.com/quotes/author/tony-abbott/) ## More by Kenneth C. Griffin > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [It's important for me to be No. 1.](https://sms4smile.com/quotes/kenneth-c-griffin/it-s-important-for-me-to-be-no-1/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Don't act like a bank unless you are a bank. That was a really big lesson learned from 2008.](https://sms4smile.com/quotes/kenneth-c-griffin/don-t-act-like-a-bank-unless-you-are-a-bank-that-was-a-really-big/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [I've often thought of successful entrepreneurs as individuals who have just the right expertise - at just the right moment - to solve the…](https://sms4smile.com/quotes/kenneth-c-griffin/i-ve-often-thought-of-successful-entrepreneurs-as-individuals-who/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Risk is what you make of it.](https://sms4smile.com/quotes/kenneth-c-griffin/risk-is-what-you-make-of-it/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [In our firm's earliest days, our understanding of the power of great software engineering and quantitative analytics helped Citadel stand out.](https://sms4smile.com/quotes/kenneth-c-griffin/in-our-firm-s-earliest-days-our-understanding-of-the-power-of-great/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a…](https://sms4smile.com/quotes/kenneth-c-griffin/when-you-read-that-ubs-did-not-even-view-parts-of-its-mortgage/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [It is incredible to come to work every day surrounded by individuals whose insights and efforts place us at the forefront of finance.](https://sms4smile.com/quotes/kenneth-c-griffin/it-is-incredible-to-come-to-work-every-day-surrounded-by-individuals/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Should we think about separating the investment banks from the commercial banks, a new Glass-Steagall? I would be really excited to see that. I…](https://sms4smile.com/quotes/kenneth-c-griffin/should-we-think-about-separating-the-investment-banks-from-the/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Let me be clear: All I really care about is my kids know that their parents love them.](https://sms4smile.com/quotes/kenneth-c-griffin/let-me-be-clear-all-i-really-care-about-is-my-kids-know-that-their/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [There will come a time and place it will be appropriate for us to consider going public.](https://sms4smile.com/quotes/kenneth-c-griffin/there-will-come-a-time-and-place-it-will-be-appropriate-for-us-to/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Our financial markets work best when they are competitive, fair, and transparent.](https://sms4smile.com/quotes/kenneth-c-griffin/our-financial-markets-work-best-when-they-are-competitive-fair-and/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [It is my hope that visitors, artists, and students from around the world will experience all that MoMA has to offer for generations to…](https://sms4smile.com/quotes/kenneth-c-griffin/it-is-my-hope-that-visitors-artists-and-students-from-around-the/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [As Americans, I think we really believe that with the meritocracy that exists in our country, the equality of opportunity is so important to…](https://sms4smile.com/quotes/kenneth-c-griffin/as-americans-i-think-we-really-believe-that-with-the-meritocracy-that/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Speaker Ryan's vision for a confident America, both at home and abroad, reflects his thoughtful leadership.](https://sms4smile.com/quotes/kenneth-c-griffin/speaker-ryan-s-vision-for-a-confident-america-both-at-home-and-abroad/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) [Explore all 72 Kenneth C. Griffin quotes ](https://sms4smile.com/quotes/author/kenneth-c-griffin/) ## More Industry quotes > [Hollywood is very much an industry town. Your life becomes caught up in all of the parties and this list and that list. That's…](https://sms4smile.com/quotes/don-johnson/hollywood-is-very-much-an-industry-town-your-life-becomes-caught-up/) [Don Johnson](https://sms4smile.com/quotes/author/don-johnson/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [I would have done well as a gypsy child, I think. A circus baby. I coulda played a great street urchin or ragamuffin. Or…](https://sms4smile.com/quotes/natasha-lyonne/i-would-have-done-well-as-a-gypsy-child-i-think-a-circus-baby-i/) [Natasha Lyonne](https://sms4smile.com/quotes/author/natasha-lyonne/) > [The live concert industry has become corporate-ized.](https://sms4smile.com/quotes/perry-farrell/the-live-concert-industry-has-become-corporate-ized/) [Perry Farrell](https://sms4smile.com/quotes/author/perry-farrell/) > [ Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs \[Less Developed Countries\]?... I… ](https://sms4smile.com/quotes/lawrence-summers/just-between-you-and-me-shouldn-t-the-world-bank-be-encouraging-more/) [Lawrence Summers](https://sms4smile.com/quotes/author/lawrence-summers/) > [I was determined to be an actor and make a name in the industry, and hence, I did.](https://sms4smile.com/quotes/nawazuddin-siddiqui/i-was-determined-to-be-an-actor-and-make-a-name-in-the-industry-and/) [Nawazuddin Siddiqui](https://sms4smile.com/quotes/author/nawazuddin-siddiqui/) > [I'm proud of my roots. There are not many Asians in the music industry so it's important for me to tell people where I'm…](https://sms4smile.com/quotes/coco-lee/i-m-proud-of-my-roots-there-are-not-many-asians-in-the-music-industry/) [Coco Lee](https://sms4smile.com/quotes/author/coco-lee/) > [One of the things that's great about New York is that it is not a one-industry town. It has education, academia, the service industry,…](https://sms4smile.com/quotes/sarah-jessica-parker/one-of-the-things-that-s-great-about-new-york-is-that-it-is-not-a-one/) [Sarah Jessica Parker](https://sms4smile.com/quotes/author/sarah-jessica-parker/) > [I've always considered making it legal for Americans to import their prescription drugs a free-trade issue. Imports create competition and keep domestic industry more…](https://sms4smile.com/quotes/chuck-grassley/i-ve-always-considered-making-it-legal-for-americans-to-import-their/) [Chuck Grassley](https://sms4smile.com/quotes/author/chuck-grassley/) > [I'm seen as a little risky to the industry, I think. All my favorite directors are.](https://sms4smile.com/quotes/sean-baker/i-m-seen-as-a-little-risky-to-the-industry-i-think-all-my-favorite/) [Sean Baker](https://sms4smile.com/quotes/author/sean-baker/) > [Trying to find this industry's tendency to celebrate the physical is a waste of time. So I'm happy to play the game. But I…](https://sms4smile.com/quotes/olivia-wilde/trying-to-find-this-industry-s-tendency-to-celebrate-the-physical-is/) [Olivia Wilde](https://sms4smile.com/quotes/author/olivia-wilde/) > [Napster has pointed the way for a new direction for music distribution, and we believe it will form the basis of important and exciting…](https://sms4smile.com/quotes/barry-diller/napster-has-pointed-the-way-for-a-new-direction-for-music/) [Barry Diller](https://sms4smile.com/quotes/author/barry-diller/) > [Stop trying to treat music like it's a tennis shoe, something to be branded. If the music industry wants to save money, they should…](https://sms4smile.com/quotes/jeff-tweedy/stop-trying-to-treat-music-like-it-s-a-tennis-shoe-something-to-be/) [Jeff Tweedy](https://sms4smile.com/quotes/author/jeff-tweedy/) > [Probably the greatest single obstacle to the progress and happiness of the American people lies in the willingness of so many men to invest…](https://sms4smile.com/quotes/john-d-rockefeller/probably-the-greatest-single-obstacle-to-the-progress-and-happiness/) [John D. Rockefeller](https://sms4smile.com/quotes/author/john-d-rockefeller/) > [The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I'm not sure…](https://sms4smile.com/quotes/sumner-redstone/the-reason-we-have-not-gone-to-newspapers-is-because-its-a-slow/) [Sumner Redstone](https://sms4smile.com/quotes/author/sumner-redstone/) [Browse all 5,281 Industry quotes ](https://sms4smile.com/quotes/about/industry/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "As an industry, we have a responsibility to manage risk in a way that is prudent.", "creator": { "@type": "Person", "name": "Kenneth C. 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